KATHMANDU, Aug 9: Agriculture Development Bank Limited (ADBL) earned net profits of Rs 4.15 billion in the last fiscal year, more than 42 percent compared to the previous year.
According to the unaudited report of the FY 2024/25 unveiled by the ADBL, it earned record high profit amount during the period. In the previous FY, the bank’s profit stood at Rs 2.89 billion.
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The ADBL’s operating profit also witnessed an impressive growth, with the amount recording at Rs 11.89 billion from Rs 9.76 billion. The net interest earnings also reached Rs 9.82 billion.
As per the financial report of the bank, it collected deposits of Rs 293.57 billion while its credit mobilization was Rs 216.02 billion. The total asset of the state-owned ADBL is Rs 362.50 billion.